The market size value per capita for belts and bandoliers of leather in Pakistan showed a declining trend from 2013 to 2023. In 2013, it was USD 0.19 and slightly increased to USD 0.22 by 2015, maintaining it until 2017. However, from 2018 onwards, there is a consistent decline, reaching USD 0.17 in 2023. This represents a -5.6% year-on-year decrease from 2021 to 2022 and no change in 2023. The Compound Annual Growth Rate (CAGR) over the last five years is approximately -3.9%.

Future trends to watch for include:

Potential recovery if consumer spending habits or fashion trends shift.
Impact of economic conditions and leather industry changes on consumer preferences.
Emergence of sustainable or alternative materials influencing market demand.